The biggest mistake anyone can make when it comes to medical bills is assuming insurance will cover every penny of a major medical expense. With rare exceptions, it doesn’t.
A single medical debt in collections can harm your credit score by as much as 100 points. Once the debt appears as unpaid on your credit report, it takes up to seven years for it to disappear.
Medical debt is the leading cause of bankruptcy in the United States, and legal complications from medical debt can severely impact you and your family’s financial well-being.
When it comes to medical bill collections, communication is key.
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